Business & Finance · Subtopic
Interest (Riba) & Banking
1,723 fatawa from 9 South African Darul Iftas on Interest (Riba) & Banking, part of Business & Finance. Newest first; every fatwa links to the page where its Darul Ifta published it.
Subtopics are grouped from each Darul Ifta’s own categories and the fatwa titles, so the count is approximate.
By Darul Ifta
Interest (Riba) & Banking fatawa — page 38 of 44
- Ask Imaam16 Dec 2006
We have friends who work in a bank that is commercial banks .....
We have friends who work in a bank that is commercial banks so now the question is that should we tell them in a good manner that the money earned…
Mufti Ebrahim Desai - Ask Imaam17 Oct 2006
First National Bank give points for using their credit card which is known as ebucks. These ebucks can be redeemed by exchanging it for Woolworths vouchers or other vouchers from participating stores
Dear Mufti Saheb First National Bank give points for using their credit card which is known as ebucks. These ebucks can be redeemed by exchanging it…
Mufti Ebrahim Desai - Ask Imaam17 Oct 2006
I try to be a good muslim and i have the utmost belief in Allah as the great architect, but i have some interest that clash with islam in terms of referrring to film-making
Assalam waliakum, I try to be a good muslim and i have the utmost belief in Allah as the great architect, but i have some interest that clash with…
Mufti Ebrahim Desai - Ask Imaam11 Oct 2006
As salaam u alaykum.Just wanted to ask if one can bank with albaraka bank??Apparently according to the ads its "Banking the islamic way"
As salaam u alaykum.Just wanted to ask if one can bank with albaraka bank??Apparently according to the ads its "Banking the islamic way" Can one…
Mufti Ebrahim Desai - Ask Imaam11 Oct 2006
Mufti Saab my question is as follows. My parents recently bought a house. In order for it to be done in the Halal way they borrowed money from their children and other family members with their permission as opposed to the bank
Assalamwalakum, Mufti Saab my question is as follows. My parents recently bought a house. In order for it to be done in the Halal way they borrowed…
Mufti Ebrahim Desai - Ask Imaam16 Sep 2006
What is difference between working in a bank and the money we earn in the form of salary from bank
thanks for your reply of question 1863 but i need some more explaination. You said that "The issue of working in a bank is different from the issue…
Mufti Ebrahim Desai - Ask Imaam13 Sep 2006
I was fortunate enough to take out a new credit card with 0% interest for 3 months to pay off my bother. I am know in a situation that for the last 3 months I
I was an investor in a business that belonged to a Muslim friend. Unfortunately this did not go well after about 12 months so I decided to ask for…
Mufti Ebrahim Desai - Ask Imaam13 Sep 2006
husband refuses to cancel a credit card that his parents use which charges a lot of interest on it. It is not only ruining his credit, but we also have to end up paying interest on it.
First, I wanted to know if it is okay for a wife to pick Islamic ways over her husband. My husband refuses to cancel a credit card that his parents…
Mufti Ebrahim Desai - Ask Imaam5 Sep 2006
Is it Halaal to take a loan from Saudi Arabian bank
Is it Halaal to take a loan from Saudi Arabian bank 1. Assalam Alikum, Is it Halaal to take a loan from Saudi Arabian bank as they claim the loan…
Mufti Ebrahim Desai - Ask Imaam17 Aug 2006
My account has interest on it. What should i do to make ammends? I was thinking of telling the bank to cut the interest from my account so there wouldnt be anymore interest
My account has interest on it. What should i do to make ammends? I was thinking of telling the bank to cut the interest from my account so there…
Mufti Ebrahim Desai - Ask Imaam11 Aug 2006
due to difficult family probs I had takenloans from banks.I am finding it very difficult to repay bcos my income is not sufficient.Am I answerable on the day of judgement if I do not repay?
due to difficult family probs I had takenloans from banks.I am finding it very difficult to repay bcos my income is not sufficient.Am I answerable…
Mufti Ebrahim Desai - Ask Imaam1 Aug 2006
I have commited a major sin which is interest on my bank account. What should i do for allah to forgive me?
I have commited a major sin which is interest on my bank account. What should i do for allah to forgive me?
Mufti Ebrahim Desai - Ask Imaam26 Jul 2006
the inflation here is extremely high. the banks are offering interest rate of more than 100%. can i use that money and make it a source of income
the inflation here is extremely high. the banks are offering interest rate of more than 100%. can i use that money and make it a source of income
Mufti Ebrahim Desai - Ask Imaam14 Jul 2006
I would like to know if its permissible for me to borrow interest money to my brother. his business liquidated. I have cashflow problems. so can i use interst money?
I would like to know if its permissible for me to borrow interest money to my brother. his business liquidated. I have cashflow problems. so can i…
Muhammed Zakariyya Desai - Ask Imaam28 Jun 2006
I have seen a job advertised that I am interested in applying for, the company is involved in animal testing for medical purposes
I have seen a job advertised that I am interested in applying for, the company is involved in animal testing for medical purposes. Is it permissible…
Mufti Ebrahim Desai - Ask Imaam31 May 2006
Is it permissible to take interest-based loans for studies (student-loans)?
Is it permissible to take interest-based loans for studies (student-loans)? A Muslim brother whom I know asked if it is a sin for him to study in…
Mufti Ebrahim Desai - Ask Imaam1 May 2006
can I take a Home Loan? Will Shariah allow to take a Loan on interest in this kind of circumstances?
I am a Computer Engineer from India. I pay around Rs. 3000 per month to Govt. as an Income Tax on my salary. I have not taken any LIC policy or…
Mufti Muhammad Kadwa - Ask Imaam27 Apr 2006
works in a Foreign Bank. His job is to call various people and ask them to take loan from the bank on interest.
My brother-in-law works in a Foreign Bank. His job is to call various people and ask them to take loan from the bank on interest. He gets a fixed…
Mufti Ebrahim Desai - Ask Imaam27 Apr 2006
my dad wants me and my brother to assist him on buying a house and me and my brother is living separatly. 1)I know he hasinterest in his savings
my dad wants me and my brother to assist him on buying a house and me and my brother is living separatly. 1)I know he hasinterest in his…
Muhammed Zakariyya Desai - Ask Imaam18 Apr 2006
earning income from bank is haram and my father worked for the bank for almost half of his life.
my father was serving in a banker for about 30 years, he bought a house after his retirement which we sold after his death and bought an apartment…
Mufti Ebrahim Desai - Ask Imaam17 Apr 2006
is it permisssible to invest in this business since it involves bank loan?
The bank is going to provide a loan that has to be repaid in about 5 years. What I mean by my friend being short of 50% is that for example, if the…
Mufti Ebrahim Desai - Ask Imaam30 Mar 2006
credit cards usage
Credits Cards usage All my income generated is in the form of 'electronic money' and the majority of expenses is made electronically as well. I make…
Mufti Ebrahim Desai - Ask Imaam24 Mar 2006
I used to get interest and give it to poor with no intension to earn reward until then I stop taking the interest due to an Alim said this "taking interest is Haram".
1) I have few thousand dollars in my checking account for past few years, I do not collect interest on that amount. The reason is "taking interest…
Mufti Ebrahim Desai - Ask Imaam17 Mar 2006
Fatwa # 14025 - if the army option is not available, and the only option available is to take the student loan from the bank, where the bank charges only interest during the period of studying
Please clearly explain what you mean in the Fatwa # 14025 , 3rd option? Aslo, if the army option is not available, and the only option available is…
Mufti Ebrahim Desai - Ask Imaam13 Mar 2006
Career in Islamic Banking
I would like to know the following (i) A person works in a Management Consultancy firm (like a Sharik Ammal but might not be the same) where two…
Mufti Ebrahim Desai - Ask Imaam11 Mar 2006
to go to Medical School however it costs a lot more than I can afford. I will have to take out loans for that and there are no interest free loans available
My question is about student loans. Inshallah I am planning to go to Medical School however it costs a lot more than I can afford. I will have to…
Muhammed Zakariyya Desai - Ask Imaam9 Mar 2006
I am the financial backer of the business. My partner does all the work related to the buying and selling of the goods. He deducts expenses (petrol, advertising costs, bank charges etc) before we share the profits.
I have a business partnership with a Muslim friend in which I am the financial backer of the business. My partner does all the work related to the…
Mufti Ebrahim Desai - Ask Imaam7 Mar 2006
I will pay the bill with my money for $100.00 and collect my fee for writing the check, mailing out the payment and be responsible if my check is not cleared by the bank.
I had recently asked a question regarding a business that I would like to start. I will be doing bill payment for people. I know that this business…
Mufti Ebrahim Desai - Ask Imaam6 Mar 2006
We are involved in makin Operational Manuals for the Bank on behalf of our company. The Bank gives us reimbursment of the lunch expenses incurred by us while we are at the bank.
I am a student of Chartered Accountant.i am doing my articleship with a chartered accountant company. I have been deployed my company to do External…
Mufti Ebrahim Desai - Ask Imaam3 Jan 2006
We use credit cards for our purchases and try to pay them off monthly, so that no interest is charged. Some credit cards have a cashback system
My question is regarding credit cards. We use credit cards for our purchases and try to pay them off monthly, so that no interest is charged. Some…
Ml. E. Vawda - Ask Imaam12 Dec 2005
I have approached the bank and explained that I want to buy a house with a loan from them that complies with Islamic Law and Principles. I have asked that they buy the house for me, and agree to re-sell to me with an agreed profit,
First, I would like to thank you for answering all our questions. Here in Australia, we rely heavily on your fatwas and answers to questions, as we…
Mufti Ebrahim Desai - Ask Imaam7 Dec 2005
buy a house in india. loan should be payed back to bank with interest . so my question is that ke is it halaal to take loan and build a house ,?
my husband works in U.A.E and he wants to take loan there and buy a house in india. loan should be payed back to bank with interest . so my question…
Mufti Ebrahim Desai - Ask Imaam6 Dec 2005
am doing Bacheolars in Information Technology and I am going very good in that but my passion is to get some job in the Finance sector like bank
am doing Bacheolars in Information Technology and I am going very good in that but my passion is to get some job in the Finance sector like bank.…
Mufti Ebrahim Desai - Ask Imaam3 Dec 2005
use interest (e.g. earned from a fixed deposit) to pay off the interest on one's mortgage bond?
Can you tell me whether it is permissible to use interest (e.g. earned from a fixed deposit) to pay off the interest on one's mortgage bond?
Mufti Ebrahim Desai - Ask Imaam26 Nov 2005
Is working in Federal Reserve Bank of USA is allowed?
Is working in Federal Reserve Bank of USA is allowed? Mission The Federal Reserve System is the central bank of the United States. It was founded by…
Mufti Ebrahim Desai - Ask Imaam26 Nov 2005
In the light of the collapse of Islamic Bank, as a result of gross mismanagement and gross negligence, I would like to know the following very urgently
In the light of the collapse of Islamic Bank, as a result of gross mismanagement and gross negligence, I would like to know the following very…
Mufti Ebrahim Desai - Ask Imaam17 Nov 2005
: My Youngest brother is working in UNION BANK in karachi as a credit card sales person. what i heared that bank job is not permissable due to interest involvement
Question # 1: My Youngest brother is working in UNION BANK in karachi as a credit card sales person. what i heared that bank job is not permissable…
Mufti Ebrahim Desai - Ask Imaam16 Nov 2005
intrest money you get in from the bank on your savings. I heard that instead of leaving it to the bank people it is adivsible to it give to the poor without the intention of any ajar
1- My question is about the intrest money you get in from the bank on your savings. I heard that instead of leaving it to the bank people it is…
Mufti Ebrahim Desai - Ask Imaam20 Oct 2005
What to do with the interest im getting from the bank, it is not possible to cancel the interest at my bank
What to do with the interest im getting from the bank, it is not possible to cancel the interest at my bank cause it is the law of the bank to pay…
Mufti Ebrahim Desai - Ask Imaam29 Sep 2005
I have approached the bank and explained that I want to buy a house with a loan from them that complies with Islamic Law and Principles.
First, I would like to thank you for answering all our questions. Here in Australia, we rely heavily on your fatwas and answers to questions, as we…
Muhammed Zakariyya Desai
Read-only index of fatawa already published by South African Darul Iftas, each linked to its original. Not a fatwa service — for your own situation, ask the issuing Darul Ifta.